Table of Contents
Ohio University Corporate MBA Program
Economic Operation of Electric Power Systems
Objective
Topics of Discussion
What is production cost?
Electricity price signals: Common Sense
Electricity price signals: common sense
Electricity price signals: common sense
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: common sense
Electricity price signals: common sense
Electricity price signals: common sense
Electricity price signals: common sense
Electricity price signals: common sense
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: mathematics
Electricity price signals: mathematics
Production cost curves: C(P)
Input / Output Curve
Input / Output Curve
Input / Output Curve
Input / Output Curve
Input / Output Curve
What does the slope mean?
It’s inverted efficiency (in mixed units)
Production cost curve C(P)
Production cost curve C(P)
Valve points revisited
Production cost curve C(P)
Approximating C(P) for analysis
Polynomial approximation of C(P)
Polynomial approximation of C(P)
Some properties of the production cost curve C(P)
Exaggerated Polynomial approximation of C(P)
Properties of C(P)
Properties of C(P)
Energy production cost at minimum output power
PPT Slide
Properties of C(P)
Slope = energy production cost at maximum output power
Properties of C(P)
Properties of C(P)
Properties of C(P)
Properties of C(P)
Too many slopes!
Properties of C(P)
Energy production cost of the block of capacity between Pmin. & Pmax.
Energy production cost of the block of capacity between Pmin. & Pmax.
Properties of C(P): lave.
Average incremental cost lave.
Properties of C(P)
Properties of l(P) & C(P)
Properties of l(P) & C(P)
Properties of l(P) & C(P)
Properties of l(P) & C(P)
Properties of l(P) & C(P)
Properties of l(P) & C(P)
Close-up view
Properties of l(P) & C(P)
Properties of l(P) & C(P)
Summary: Properties of l(P) & C(P)
Too much math!
What’s next?
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